Dutch Nationalize Country's Fourth Largest Bank

Banking and insurance company SNS Reaal has been nationalized after a run on its deposits. Dow Jones's Steve McGrath discusses the fallout. Photo: Reuters

This transcript has been automatically generated and may not be 100% accurate.

I ... the the ... force ... all ... losses ... this is a male also run on deposits Steve McGraw iShare to discuss the fallout with the Steve ... so the US so we thought that that was so happy hour I mean bass to rein in this race the fragility of the banking system and he's very real ... we did I mean they've been in tolls for over a week now like a private sector deal to bail them out ... this is failed we don't ... know why yet but ... you know at the house beans run on the bank and I would think not played a big halted in was going on is that the fact ... this is this about in the too big to fail to reach the top Gome and was required to step in ... to address its reports have been satisfied that ... all this this is that it was pleased with the role of the euro zone yes ALM ... so the actually reduces costs ... well they they can update that putting three point seven billion but they've they've been making sure that this is not all on the top spot at ... the top of that Dutch bonds again have to pay billion in two thousand and fourteen into a fund to help it can therefore I'm ... yes they come up ... I'm that don't fight the system ... isn't very healthy they built into the had a ... huge property bubble in the Netherlands to diesel prices mainly the prices of coal in the commercial real estate unrest interesting to come down heavily ... on the state to hold them all the bonds in the mountains when this was the head because the loss of all the coaches was in the use of speed stick yes well that's all suffering because of the class of devices while SNS realities or how to have faith in Spain and I was one of the problem right I mean is that we have some you know it did the fragility of the system is borne out by the other news Kinetic red apple one of the ... large French banks taking huge write downs ... on ... a display to the tothe bake Spanish bonds they retained profit but only because they sold lots of assets and the threat of a budget ... of Banca full to us but tell us about all one of the big banks ... to me at with refusal based on the onthe prohibits ... locals Deutsche Bank is that was in the US to kill you have a high def system is still very fun to do was say about the rest are ok with it says that yet ... to those is one thing but the euro zone gentle ... a meal we talking about you we should still be very ... nervous about that too well I mean you know I mean the a ... he died and a business letter that support the fault of the of the government's will steps that pays out into the bailout are priced ... home ... um but the bias is still call a local ... unit with assets which they need to dispose of clean up their balance sheets in the white guy with that yet ... I guess one has to us in the case of a SSL the said oh this is all the money made a lot for Jemima shareholders and bondholders have taken big hits on this ... I tell you invested every wet ... will be watching this news even those who have seen a big run-up combines Delta with a unit that ... with a malty rally we've seen